Q:

How do Purple Wave auctions work?

A:

Quick Answer

Interested participants for Purple Wave auctions can place their bids for available vehicles and equipment by initially signing up for a free customer account. The link for the registration process is provided on the company's website.

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Full Answer

Purple Wave is one of the largest online auction business establishments in the United States. The company concentrates in auctioning off trucks and trailers, in addition to pre-owned heavy-duty machinery, such as construction and agricultural equipment. Purple Wave also caters to federal clients and lenders. The firm carries a no-reserve policy, which means that there is no preset price minimum for any auctioned item. The highest offer at the end of the bidding process wins.

To bid on Purple Wave, fully registered buyers can look for an item by doing a keyword search. Bidders have the option to obtain a full listing of upcoming, past or all bidding events for that particular product. Once the desired item has been selected, customers can then place their starting and maximum bids. An integrated maximum bid functionality is available for those who are unable to closely track the bidding process. Customers are required to supply their account passwords before they can submit their bidding form.

Purple Wave provides several payment options for auction winners. Purchases can be paid for through check, credit card or wire transfer. Customers can then pick up their items after payment has been made.

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